# PPP loan: JCO ELECTRIC INC
> **$341K** approved 02/12/2021 · Paid in Full · Loan `7482308404`
## Borrower
- **Name:** JCO ELECTRIC INC
- **Address:** 46 Woods Rd, Klingerstown, PA, 17941-9673
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $343K (100%)
- **Forgiveness date:** 07/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $341K
- **Jobs reported:** 19
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*